Revenue in the machinery and equipment sector grows 3.6% in May

Revenue in the machinery and equipment sector grows 3.6% in May

The billings of the machinery and equipment industry grew 3.6% in May compared to the same month last year. According to a balance released today (29) by the Brazilian Machinery and Equipment Industry Association (Abimaq), total net revenue was R$ 28 billion. From January to May this year, the sector accumulates a 4.1% drop in revenue compared to 2021.Revenue in the machinery and equipment sector grows 3.6% in May

In Abimaq’s assessment, the result reflects the sign of good business performance during important fairs, such as Agrishow, for agricultural technology, at the end of April; and Feimec, an exhibition of machinery and industrial automation in early May. In comparison with April, the sector’s revenue grew 18.6%. The industry’s expectation is for growth of 3.8% this year.

“Since January, we have been accumulating drops, especially when compared to the same month of the previous year. May was the first month of the year to register year-on-year growth. This growth occurred for the first time in the domestic market. Exports were already growing throughout the year and, as of the second quarter of last year, the month of May was driven by sales both in the domestic market and in exports,” said Abimaq economist Cristina Zanella.

The results show a weaker start to the year in the domestic market, but the segment grew again in May. In comparison with April, already considering the seasonal adjustment, there was an increase of 11.4% in sales from domestic sales. In comparison with May 2021, the result (3.4%) interrupts a series of six consecutive falls. In the period analyzed, there was strong growth in revenue from machinery for industrial use and in the sale of machinery for agricultural and civil construction purposes.

As for exports, the growth trend observed since the beginning of the year continued, despite a slight devaluation of the dollar against the real. In May, there was a growth of 33.4% in revenue from exports compared to May 2021. The sector’s expectation is that the gain from exports will grow 15% this year.

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